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Tag Archives: Bitcoin News

The European Union Is Cracking Down on Anonymous Crypto

Cryptocurrencies are on the verge of losing their edge in European countries as members of the EU (European Union) are now looking into banning all anonymous crypto trades. The European Union Is Working on New Crypto Regulations The process is designed to ensure all monetary transactions are safe. The organization is seeking to end all financial crime such as money laundering and terrorist financing and representatives believe this will lead to a stronger environment for...

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Crypto App Robinhood Announces Plans to Go Public

Continuing a long streak of crypto companies that have gone public, popular trading app Robinhood is the latest digital currency enterprise to announce an IPO (initial public offering). The company is alleging that it will garner as much as $2 billion in new funds from the event it is planning to hold in the next few months, according to a statement filed with the Securities and Exchange Commission (SEC). Robinhood Is Set for Its Public Debut Shares will start out at...

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Bitcoin and Crypto Are Dragged Down Even Further

Bitcoin is in a very dark place at the time of writing. After trading for a new all-time high of $64,000 per unit in mid-April of this year, the currency has once again (for the second time in the past few months) dropped below the $30,000 range and is now trading for just over $29,000. This means that in just three months alone, the world’s number one digital currency by market cap has lost more than $35,000 off its price and more than 50 percent from its value. Bitcoin...

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Analysts: Bitcoin Will Obliterate Fiat from Existence By 2050

A panel of crypto experts alleges that bitcoin – the world’s number one digital currency by market cap – will potentially remove fiat currency from circulation by the year 2050. This basically gives bitcoin approximately 29 years to become the primary financial product of the world. Bitcoin Is Rising to the Top On the one hand, this certainly seems possible. 29 years is a long time, and a lot can be accomplished within that period. On the other hand, is it really all...

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Block Fi Receives Cease-and-Desist Letter from NJ Regulators

The New Jersey Attorney General’s office has issued a cease-and-desist letter to blockchain company Block Fi to get the firm to end all marketing for its interest-bearing accounts. Block Fi Is at the Center of Some Unwanted Attention According to the letter, Block Fi has been busy selling unregistered securities and violating present securities laws. The company provides interest rates of anywhere between .25 percent and 8.5 percent depending on the amount of money...

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Cashaa Bank in India Will Now Offer a Whole String of Crypto Services

Banking platform Cashaa is launching in India. Among the many crypto-based services and tools the company plans to offer users include crypto savings accounts, loans for purchasing bitcoin and other forms of digital assets, card services, and lending against crypto. Cashaa Is Unveiling All Its Latest Crypto Offerings All this might sound dandy. There is just one problem… The state of crypto in India is very up and down at the time, and it is unclear if Cashaa will even...

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Jeff Gundlach: BTC Is Not Recovering Anytime Soon

Just yesterday, Live Bitcoin News put out an article discussing all the analysts out there who seem to think that bitcoin is getting ready for a big comeback and that the currency could potentially overtake USD at some point. Billionaire investor and “bond king” Jeff Gundlach is not one of those people. Jeff Gundlach Is Not Confident in BTC In a recent interview, Gundlach says that bitcoin is likely to fall another 27 percent, thereby making 2021 the new 2018 in official...

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Some Analysts Think Bitcoin Is Poised for a Big Comeback

Bitcoin has endured a rather dramatic fall over the past few months, but for many analysts, the world’s number one digital currency by market cap is not entirely down for the count yet. Bitcoin May Be Getting Ready to Make Its Triumphant Return Bitcoin hit a new all-time high of roughly $64,000 per unit by mid-April of 2021. The currency seemed unstoppable until suddenly, it began experiencing a rough period of heavy drops that about two months later, brought its value...

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Investor David Tice Warns Against Putting Money Into BTC

David Tice – a Wall Street investor – is warning others that it is very “dangerous” to be investing in bitcoin and cryptocurrencies right now. David Tice on BTC: Avoid It Right Now 2021 has virtually become the new 2018. The world’s number one digital currency – bitcoin – has fallen by more than 50 percent over the past few months. Attaining a new all-time high in mid-April of this year of around $64,000 per unit, the currency has seemingly fallen to just over $30,000 at...

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China Has Purged All BTC Miners, but the Country May Suffer More Than the Currency

China has pretty much gotten rid of all bitcoin miners. It has steamrolled through all the operations stationed within its borders and the industry is virtually dead in the nation. China and Its Negative Attitude Towards Crypto At first glance, it seems like bitcoin would have steadied by now, though it appears the currency is sliding even further. The asset is trading for about $30,000 even – less than half of what it was in April. Yet, despite how much bitcoin is...

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